Latest news with #windPower
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Boralex will release its 2025 second quarter financial results on August 8, at 11 a.m.
MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) -- Boralex inc. ('Boralex' or the 'Company') (TSX: BLX) announces that the release of the 2025 second quarter results will take place on Friday, August 8, 2025, at 11 a.m. Financial analysts and investors are invited to attend a conference call during which the financial results will be presented. Date and time Friday, August 8, 2025, at 11 a.m. ET To attend the conference Webcast link: To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone. Media and other interested individuals are invited to listen to the conference and view the presentation which will be broadcasted live. A full replay will also be available on Boralex's website until August 8, 2026. The financial information will be released through a press release and on Boralex's website on August 8, 2025, at 7 a.m. About Boralex At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Recognized as Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX. For more information
Yahoo
01-07-2025
- Business
- Yahoo
A megabill mystery: New solar and wind tax comes as a surprise to Republican senators
WASHINGTON — Tucked inside Republicans' massive domestic policy bill is an excise tax for wind and solar projects, a provision that came as a surprise not just to the renewable energy industry, but also to numerous senators who are crafting the legislation. In a twist, Republican senators insist they don't know how or why the tax was inserted into the bill they're rushing to pass. No senator is taking credit for or defending it. And at least one wants it removed. Sen. Lindsey Graham, R-S.C., the Budget Committee chairman, who released the 940-page bill, said he doesn't know where that provision came from. "It's a secret, I guess," Graham told NBC News on Monday evening. "I don't know where it came from." Sen. Lisa Murkowski, R-Alaska, was baffled by the provision, saying the excise tax "just came about" like it was "airdropped" into the bill before the vote Saturday to proceed. "It wasn't part of any consideration," she said. "It's like, surprise! It's Saturday night. And we looked at it like, where did this come from?" "My view of it is — it's just entirely punitive to the wind and solar industry," Murkowski said, adding that the Republican-controlled Senate is "looking at different options" to deal with it. The provision would tax wind and solar projects if a certain share of their components come from China. It is ambiguously worded, and it would empower the Trump administration to iron out the rule. Sen. Cynthia Lummis, R-Wyo., said she's "OK with that" when she was asked about the details of the provision. But she, too, was in the dark about who inserted it. "You can add me to the group that doesn't know the answer," Lummis said. Tesla CEO Elon Musk, the former Trump adviser, torched the legislation, saying it would "destroy millions of jobs in America." "Utterly insane and destructive," Musk said of the bill. "It gives handouts to industries of the past while severely damaging industries of the future." He added, "A massive strategic error is being made right now to damage solar/battery that will leave America extremely vulnerable in the future." Spokespeople for the Republican chairs of the Finance Committee (Mike Crapo of Idaho), the Energy and Natural Resources Committee (Mike Lee of Utah) and the Environment and Public Works Committee (Shelley Moore Capito of West Virginia) didn't respond to requests for comment when they were asked whether the senators championed the provision. The White House and Republican leaders tout the bill as fulfilling President Donald Trump's promise to boost energy production in the United States, including fossil fuels. Trump also vowed to unravel clean energy incentives Democrats passed in the Biden administration. Democrats have blasted the excise tax — among other energy policies in the GOP bill — as an attempt to reward fossil fuel companies while further discouraging clean energy production. Industry groups also tore into the new excise tax. 'With no warning, the Senate has proposed new language that would increase taxes on domestic energy production," said Jason Grumet, the CEO of the American Clean Power Association. 'In what can only be described as 'midnight dumping,' the Senate has proposed a punitive tax hike targeting the fastest-growing sectors of our energy industry," he said in a statement. "It is astounding that the Senate would intentionally raise prices on consumers rather than encouraging economic growth and addressing the affordability crisis facing American households." Neil Bradley, executive vice president of the U.S. Chamber of Commerce, praised the overall bill but criticized that provision, writing on X that "taxing energy production is never good policy, whether oil & gas or, in this case, renewables." "Electricity demand is set to see enormous growth & this tax will increase prices," he said. "It should be removed." This article was originally published on
Wall Street Journal
29-06-2025
- Business
- Wall Street Journal
Senate Megabill Stuns the Clean Energy Industry With a New Excise Tax
Senate Republicans stunned the power industry over the weekend with a proposed new tax on wind and solar projects, part of a broader push to unravel incentives for renewable energy. Energy tax credits that were expanded during the Biden administration are wrapped up in a fierce Congressional fight over President Trump's signature tax and spending bill.
Yahoo
26-06-2025
- Business
- Yahoo
Miliband shuns £25bn UK-Morocco renewable energy project Xlinks
The government is snubbing a £25bn renewable energy project which promised to import enough solar and wind power from Morocco to meet nearly a tenth of the UK's electricity demand. Sky News has learnt that Ed Miliband, the energy security and net zero secretary, has decided not to proceed to formal negotiations with Xlinks, a privately owned company, about a 25-year price guarantee agreement. A ministerial statement is expected to be made confirming the decision later on Thursday. Money blog: Top chef on overrated trend he doesn't get The government's move to snub Xlinks after protracted talks with the company will come as a surprise to energy industry executives given the company's pledge to deliver large quantities of power at a price roughly half of that to be generated by new nuclear power stations. Xlinks, which is chaired by the former Tesco chief executive Sir Dave Lewis, had been seeking to agree a 25-year contract for difference with the Department for Energy Security and Net Zero (DESNZ), which would have guaranteed a price for the power generated by the project. One Whitehall insider said its decision was partly motivated by a desire to focus on "homegrown" energy supplies - an assertion queried by industry sources. Sir Dave told The Sunday Telegraph earlier this year that Xlinks would switch its focus to another country if the UK government did not agree to support the project. The company is now expected to explore other commercial opportunities. Xlinks had not been seeking taxpayer funding for it, and claimed it could help solve the "intermittency problem" of variable supply to UK households and businesses. Reducing manufacturers' energy costs was the centrepiece of the government's industrial strategy launched earlier this week. Sources said that market-testing of the financing for Xlinks' construction of a 4,000-kilometre cable between Morocco and the Devon coast had been significantly oversubscribed. Xlinks' investors include Total, the French energy giant, with the company having raised about £100m in development funding so far. The company has said it would be able to deliver energy at £70-£80-per-megawatt hour, significantly lower than that of new nuclear power stations such as the one at Sizewell C in Suffolk to which the government allocated more than £14bn of taxpayers' money earlier this month. It was unclear whether the growing risk of undersea cable sabotage was one of the factors behind the government's decision not to engage further with Xlinks. In an interview with Sky News in 2022, Sir Dave said Xlinks enjoyed low geopolitical risk because of Britain's centuries-old trading relationship with Morocco and the north African country's ambitions of growing the energy sector as a share of its exports. "The Moroccan government has recognised that exporting green [energy] is a very important part of their economic plan going forward, so they have an export strategy," he said at the time. "The Sahara desert is probably one of the best places in the world to generate renewable energy from... so you have a very long period of generation. "And if you're capturing that energy and adding some battery storage, you can generate energy to cover a little bit more than 20 hours a day, which makes it a fantastic partner for the UK." The former Tesco chief added the quality of modern high-voltage cables meant energy could now be transported "over very long distances with very, very few losses". Sir Dave said the technology risks associated with the project were relatively small, citing examples of much longer cable links being planned elsewhere in the world. "The benefit here is that it's proven technology with a very committed reliable partner with a cost profile... that we will never [be able to] match in the UK," he said. A spokesperson for DESNZ said it did not comment on speculation, while Xlinks declined to comment on Thursday.
Sky News
26-06-2025
- Business
- Sky News
Miliband shuns £25bn UK-Morocco renewable energy project Xlinks
The government is snubbing a £25bn renewable energy project which promised to import enough solar and wind power from Morocco to meet nearly a tenth of the UK's electricity demand. Sky News has learnt that Ed Miliband, the energy security and net zero secretary, has decided not to proceed to formal negotiations with Xlinks, a privately owned company, about a 25-year price guarantee agreement. A ministerial statement is expected to be made confirming the decision later on Thursday. The government's move to snub Xlinks after protracted talks with the company will come as a surprise to energy industry executives given the company's pledge to deliver large quantities of power at a price roughly half of that to be generated by new nuclear power stations. Xlinks, which is chaired by the former Tesco chief executive Sir Dave Lewis, had been seeking to agree a 25-year contract for difference with the Department for Energy Security and Net Zero, which would have guaranteed a price for the power generated by the project. One Whitehall insider said its decision was partly motivated by a desire to focus on "homegrown" energy supplies - an assertion queried by industry sources. Sir Dave told The Sunday Telegraph earlier this year that Xlinks would switch its focus to another country if the UK government did not agree to support the project. The company is now expected to explore other commercial opportunities. Xlinks had not been seeking taxpayer funding for it, and claimed it could help solve the 'intermittency problem' of variable supply to UK households and businesses. Reducing manufacturers' energy costs was the centrepiece of the government's industrial strategy launched earlier this week. Sources said that market-testing of the financing for Xlinks construction of a 4000-kilometre cable between Morocco and the Devon coast had been significantly oversubscribed. Xlinks' investors include Total, the French energy giant, with the company having raised about £100m in development funding so far. The company has said it would be able to deliver energy at £48-per-megawatt hour, significantly lower than that of new nuclear power stations such as the one at Sizewell C in Suffolk to which the government allocated more than £14bn of taxpayers' money earlier this month. It was unclear whether the growing risk of undersea cable sabotage was one of the factors behind the government's decision not to engage further with Xlinks. In an interview with Sky News in 2022, Sir Dave said Xlinks enjoyed low geopolitical risk because of Britain's centuries-old trading relationship with Morocco and the north African country's ambitions of growing the energy sector as a share of its exports. "The Moroccan government has recognised that exporting green [energy] is a very important part of their economic plan going forward, so they have an export strategy," he t said at the time. "The Sahara desert is probably one of the best places in the world to generate renewable energy from... so you have a very long period of generation. "And if you're capturing that energy and adding some battery storage, you can generate energy to cover a little bit more than 20 hours a day, which makes it a fantastic partner for the UK." The former Tesco chief added that the quality of modern high-voltage cables meant that energy could now be transported "over very long distances with very, very few losses". Sir Dave said the technology risks associated with the project were relatively small, citing examples of much longer cable links being planned elsewhere in the world. "The benefit here is that it's proven technology with a very committed reliable partner with a cost we will never [be able to] match in the UK," he said.
